FD Update: Those who invest in FD will be rich, these banks are giving 9.1 percent interest..
Whenever it comes to investment with a guarantee, the first thing that comes to everyone's mind is FD. In Fixed Deposit, your money remains completely safe and you also get guaranteed returns. In this month i.e. May 2024, many banks have increased FD interest rates.
These include the State Bank of India, DCB Bank, IDFC FIRST Bank, Utkarsh Small Finance Bank, City Union Bank, and RBL Bank. RBL Bank) and Capital Small Finance Bank. Let us know by how much these banks have increased the FD interest rates.
DCB Bank
By making FD in DCB Bank, you will get 8.05 percent interest. Whereas senior citizens will be given an interest of 8.55 percent. This interest rate is being given on FD of 19 months to 20 months. This interest is being given on FD up to Rs 2 crore. According to the website of DCB Bank, the bank has revised its rates from May 22, 2024
IDFC First Bank
IDFC First Bank revised its FD rates on May 15. Now the bank is offering 3% to 8% interest on FDs up to Rs 2 crore. This interest is being given on FD ranging from 7 days to 10 years. At the same time, an additional interest of 0.50 percent is being given to senior citizens. The highest interest rate given by the bank is 8 percent for a period of up to 500 days.
State Bank of India
State Bank of India has revised the interest rates on FD up to Rs 2 crore. While changing the interest rates on May 15, it has been revised up to 75 bps for some periods. Up to 7 percent interest is being given on FD for a period of 2 to 3 years. Whereas senior citizens are getting interest up to 7.5 percent.
Utkarsh Small Finance Bank
If you are interested, Utkarsh Small Finance Bank has changed the interest rates for those making FD up to Rs 2 crore. Now interest ranging from 4 percent to 8.5 percent is being offered by the bank. If you are a senior citizen then you will get interest up to 9.1 percent.
RBL Bank
If we talk about an increase in FD interest rates, then RBL Bank has also revised its FD rates. These interest rates will also be applicable on FDs up to Rs 2 crore. The highest interest being given by RBL Bank is 8 percent, which is being given for FD of 18-24 months.
Capital Small Finance Bank
In the same month, Capital Small Finance Bank also revised the interest rates on FD. This will also be applicable on FD up to Rs 2 crore. Interest ranging from 3.5 percent to 7.55 percent is being offered by the bank. The highest interest rate is being offered on FD of 400 days.
City Union Bank
City Union Bank has also revised its FD interest rates for FDs up to Rs 2 crore. The bank is giving interest ranging from 5 percent to 7.25 percent to the customers. The highest interest of 7.25 percent is being given on 400 days FD.
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